In This Article:
Over the last 7 days, the Canadian market has dropped 1.6%, but it has risen by 13% over the past year with earnings forecast to grow by 15% annually. In this context, growth companies with high insider ownership can be particularly attractive as they often indicate strong confidence from those closest to the business and potential for significant earnings growth.
Top 10 Growth Companies With High Insider Ownership In Canada
Name | Insider Ownership | Earnings Growth |
Vox Royalty (TSX:VOXR) | 12.5% | 70.7% |
Allied Gold (TSX:AAUC) | 22.5% | 73.6% |
Almonty Industries (TSX:AII) | 17.7% | 117.6% |
goeasy (TSX:GSY) | 21.3% | 17.1% |
Alvopetro Energy (TSXV:ALV) | 19.4% | 72.4% |
Propel Holdings (TSX:PRL) | 40% | 37.2% |
Ivanhoe Mines (TSX:IVN) | 12.4% | 72.4% |
Medicenna Therapeutics (TSX:MDNA) | 15.4% | 57.2% |
Alpha Cognition (CNSX:ACOG) | 17.9% | 69.5% |
ROK Resources (TSXV:ROK) | 16.6% | 161.8% |
Below we spotlight a couple of our favorites from our exclusive screener.
Curaleaf Holdings
Simply Wall St Growth Rating: ★★★★☆☆
Overview: Curaleaf Holdings, Inc. operates as a cannabis company in the United States with a market cap of CA$2.99 billion.
Operations: The company generates $1.36 billion from the cultivation, production, distribution, and sale of cannabis.
Insider Ownership: 19.9%
Earnings Growth Forecast: 78.2% p.a.
Curaleaf Holdings is a growth company with high insider ownership, expected to become profitable within three years and forecasted to grow revenue at 12.6% annually, outpacing the Canadian market's 6.8%. Despite recent shareholder dilution and trading at 88.5% below estimated fair value, Curaleaf has expanded its footprint with new dispensaries in Florida and Ohio. The company reported Q2 revenue of US$342.29 million but continues to operate at a net loss, albeit reduced from the previous year.
Savaria
Simply Wall St Growth Rating: ★★★★☆☆
Overview: Savaria Corporation, with a market cap of CA$1.43 billion, provides accessibility solutions for the elderly and physically challenged in Canada, the United States, Europe, and internationally.
Operations: The company generates revenue primarily from Patient Care (CA$183.98 million) and Segment Adjustment (CA$673.74 million).
Insider Ownership: 19.6%
Earnings Growth Forecast: 21.5% p.a.
Savaria Corporation, with strong insider ownership, has seen its earnings grow by 22.8% over the past year and is forecasted to increase profits by 21.5% annually, outpacing the Canadian market's growth rate. Recent Q2 results showed a revenue of C$221.34 million and net income of C$10.96 million, both up from last year. Despite some shareholder dilution and large one-off items impacting financials, Savaria trades significantly below its estimated fair value and maintains a reliable dividend policy.